Shares of Arcosa, Inc. (NYSE:ACA – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the six analysts that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $138.3333.
Several research firms have commented on ACA. Zacks Research cut Arcosa from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 28th. DA Davidson upped their price target on Arcosa from $120.00 to $125.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Barclays upped their price target on Arcosa from $115.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Weiss Ratings cut Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Finally, Oppenheimer initiated coverage on Arcosa in a report on Thursday, May 28th. They issued an “outperform” rating and a $150.00 price target for the company.
View Our Latest Analysis on ACA
Institutional Investors Weigh In On Arcosa
Arcosa Trading Up 2.2%
Arcosa stock opened at $129.79 on Friday. The business has a 50 day moving average price of $120.61 and a two-hundred day moving average price of $115.14. The company has a quick ratio of 1.60, a current ratio of 2.32 and a debt-to-equity ratio of 0.57. The stock has a market cap of $6.37 billion, a price-to-earnings ratio of 28.65, a price-to-earnings-growth ratio of 1.90 and a beta of 1.06. Arcosa has a 12 month low of $81.91 and a 12 month high of $135.58.
Arcosa (NYSE:ACA – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.13 by $0.38. The firm had revenue of $571.70 million during the quarter, compared to analysts’ expectations of $642.40 million. Arcosa had a return on equity of 8.52% and a net margin of 7.88%.The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.49 EPS. As a group, equities analysts forecast that Arcosa will post 4.25 EPS for the current year.
Arcosa Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Wednesday, July 15th. Arcosa’s dividend payout ratio is currently 4.42%.
About Arcosa
Arcosa, Inc (NYSE: ACA) is a Dallas‐based industrial company that was formed through the spin‐off of Trinity Industries’ construction products business in 2018. Since its inception, Arcosa has focused on the manufacture and sale of critical infrastructure components, serving a diverse set of end markets including transportation, construction and energy.
The company’s Construction Products segment produces a broad range of highway safety products, such as guardrail systems, sign supports and crash cushions, as well as aggregates and ready‐mix concrete.
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